Santander Gets Fed Nod for Acquisition of Webster Financial

Banco Santander has received approval from the Federal Reserve for its acquisition of Webster Financial Corporation. The deal will see most of Webster's businesses become part of Santander Bank, N.A.

The transaction is expected to close on August 20, 2026, and will strengthen Santander's U.S. franchise.

Santander aims to achieve a return on tangible equity (RoTE) of around 18% by 2028 and expects the deal to generate approximately 7-8% earnings per share accretion and an estimated 15% return on invested capital, all by 2028.